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Report says US sector hit big development milestones last year, including project movements and three federal lease auctions that added 11.4 GW in capacity, with another set in the Gulf of Mexico, but advocacy group says this still likely won't meet Biden call for 30 GW of power deployed by 2030.
Form Energy plant on former W. Va. steel site would scale up novel approach to make batteries that can store intermittent energy longer, firm says, promising to "build strong relationships" with labor unions during construction.
State and federal tax credits drew Japan-based Envision AESC's $810-million EV battery plant and lured Pomega Energy Storage of Turkey to site a $279-million utility-scale lithium-ion and storage module facility.
Much anticipated US Treasury Dept. release adds detail on Inflation Reduction Act wage and training standards to accelerate clean energy project incentives, but some issues and potential conflicts have yet to be addressed, says industry.
Princeton report sees 2.3% annual capacity growth compared to current 1% to link growing clean energy resources, but unclear permit reforms and project approval authority are key hurdles; DOE seeks input in using Defense Production Act authority to boost component manufacture and supply.
John Podesta, a long time Democratic insider, will lead President Joe Biden’s climate team as it shifts to implementing the Inflation Reduction Act’s array of carbon-cutting provisions and incentives
Just-enacted law sets new rules for domestic minerals in EV production and offers mine project tax credits, but environmental concerns by opponents and federal agencies remain to be resolved.
The recently enacted Inflation Reduction Act contains highway-related provisions that aim to give a boost to infrastructure projects in disadvantaged communities and for the use of low-carbon construction materials on federal highway projects.
Federal efforts to counter climate change have received a major boost through a just-enacted $700-billion measure whose centerpiece is a variety of tax incentives and federal funds aimed at reducing greenhouse gas emissions.